Sindhu, Srikanth bow out of Malaysian Open 2018
Kuala Lumpur, June 30 : The Indian challenge in the Malaysia Open came to an end as seasoned Indian shuttlers Kidambi Srikanth and P.V. Sindhu suffered defeats in their respective singles semifinals at Bukit Jalil here on Saturday.
World No. 7 Srikanth went down in straight games to Japan's Kento Momota 13-21, 13-21 in the 42-minute clash.
On the other hand in the women's singles semifinals, Sindhu lost to World No.1 and defending champion Tai Tzu Ying 15-21, 21-19, 11-21.
Earlier on Friday, Rio Olympics silver medallist Sindhu overcame a stiff challenge after beating reigning Olympic champion Carolina Marin 22-20, 21-19 in a fiercely-fought 53-minute quarter-final clash while Srikanth had outclassed France's Brice Leverdez 21-18, 21-14.
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GST Council clarifies on popcorn taxation
Jaisalmer, Dec 21: The GST Council on Saturday agreed to issue a clarification on the taxation of popcorn, stating that pre-packed and labelled ready-to-eat snacks will attract a 12% tax, while an 18% GST will be levied if the popcorn is caramelised.
There is no change in the tax rate for popcorn, and the GST Council has decided that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime for popcorn.
"Ready-to-eat popcorn," which is mixed with salt and spices and has the essential character of namkeens, currently attracts a 5% GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12% GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionery, and it would therefore be classified under HS 1704 90 90, attracting an 18% GST, as per the clarification.
